Big Steel Buys a Plum

The West Coast last week quietly celebrated the marriage of the world's biggest steel company to the nation's largest surplus plant. And it had the blessing of Attorney General Tom C. Clark. U.S. Steel Corp. bought the $190 million Geneva Steel plant for $47,500,000. Big Steel will sink another $25 million in expanding its western subsidiary, Columbia Steel, along with $18.6 million in Geneva itself.

In this way the Administration, which has posed as the foe of bigness in business, settled one of the hottest politico-economic questions of the year in favor of bigness.

The issue boiled down to this: Should...

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